B.C. Bike

Company Overview

Snapshot

Founded in August 2014 by Ziv Brosh, B.C. Bike grew to over 500 employees. The company secured $2.53 million in total capital across 4 funding rounds from 4 investors. In December 2023, the company ceased operations.

Business overview

B.C. Bike develops OYO, a chain-free bicycle that utilizes hydraulic power. The system integrates with the traditional bicycle structure, where pedaling generates pressure in a hydraulic motor that then propels the rear wheel. The company's proprietary technology manages this hydraulic system to provide an adaptive riding experience, serving the Automotive & Mobility Technologies sector, specifically focusing on urban mobility and bike & scooter riders.

Strategic signal

B.C. Bike ceased operations in December 2023, following a period where it had raised significant capital for its chain-free bicycle technology. This development indicates a critical challenge in commercializing its hydraulic-powered bicycle, despite earlier investor interest and a substantial employee base. For investors, this signals the inherent risks in hardware innovation and market adoption within the mobility sector, even for seemingly disruptive technologies.

Company Intelligence Q&A

What is B.C. Bike's primary product?

B.C. Bike's primary product is OYO, a chain-free bicycle that operates using hydraulic power, designed to offer a seamless riding experience through proprietary adaptive technology.

When was B.C. Bike founded?

B.C. Bike was founded in August 2014.

What was the last reported funding round for B.C. Bike?

B.C. Bike's last reported funding round was in January 2021, an equity crowdfunding round with investment from Fundit.

What is the operational status of B.C. Bike?

B.C. Bike is currently non-active, having ceased operations in December 2023.

Who is the founder of B.C. Bike?

Ziv Brosh is the Founder and President of B.C. Bike.